Independent oil and gas company Anadarko Petroleum Corp. estimates its total 2010 capital expenditures to reach between $5.3 and $5.6 billion.

A subsidiary of Houston-based oil and gas exploration and production company BPZ Resources Inc. has terminated negotiations on a planned $55 million reserve based credit facility.

The Ex-Im Bank of the US has approved a $1 billion preliminary commitment to help finance the sale of goods and services from various US exporters to Ecopetrol SA, Colombia’s national oil company.

Paradigm, a global provider of enterprise software solutions to the oil and gas exploration and production industry, has received a $65 million cash investment from private equity firm Fox Paine & Co.

Ecopetrol, Colombia’s largest integrated oil company, has reported that its investment plan for 2010 will total US$6.93 billion, an increase of 11% compared to the US$6.224 billion approved for 2009.

Calgary, Canada-based Gran Tierra Energy Inc. has announced a capital spending program of US$195 million in 2010 for exploration and production development operations in Colombia, Peru, Argentina and business development activities in Brazil.

Hess Corp.’s $3.9 billion capital and exploratory budget for 2010 is earmarked almost entirely for exploration and production.